Ever thought of buying or selling a home, you may be focusing on the many extraordinary ways it’ll change your life. But do you know it has an impact on the community too? Let’s take a look at a few things how these factors really benefits the economy.
Impact on the Economy
The National Association of Realtors (NAR) releases a report annually to highlight how much economic activity a home sale generates. This chart shows how the sale of both a newly built home and an existing home impact the economy:
Based on the chart, a single home sale significantly affects the economy. NAR also provides a detailed look at how that varies state-by-state for newly built homes (see map below):
You must be wondering: how such a sale can have major effect on the economy? Does the sale have a negative or positive impact? Let us dive deeper into the details of a home sale benefits the Economy
First, many industries play a role in the process. Second, contractors, specialists, lawyers, town and city officials, and other professionals are necessary at various stages during the transaction. Lastly, every person you work with, like your trusted real estate advisor, has a team of professionals involved behind the scenes.
Meaning, when you buy or sell a home, you’re leaving an impression on the community at large. Let the knowledge that you contribute help you feel more empowered when you decide to make your move this year.
Bottom Line
Homebuyers and sellers are economic drivers in their community and beyond. Let’s connect so you have a trusted real estate advisor on your side if you’re ready to get started. It won’t just change your life; it’ll make a powerful impact on your entire community. Let your move be the impact that the current economy needs.
